Personal Loan Calculator
Enter the loan amount, the bank’s monthly rate and the term. The monthly payment with KKDF and BSMV, the total repayment and the month-by-month schedule update as you type.
- Loan amount100,000.00 ₺
- Total interest50,908.31 ₺
- KKDF (loan fund levy)7,636.25 ₺
- BSMV (banking tax)7,636.25 ₺
- Total repayment166,180.80 ₺
- Longest term allowed36 months
- Effective annual cost70.31%
KKDF rate: GİB / Cumhurbaşkanı Kararı
BSMV rate: GİB / Cumhurbaşkanı Kararı
Personal loan term limit: BDDK
Payment schedule
How it is calculated
A personal (general-purpose) loan is a consumer loan not tied to a specific purchase. Turkish banks quote a monthly rate and add two taxes, KKDF and BSMV, to the interest in every payment, so a payment worked out from the quoted rate alone comes out lower than the bank’s. The banking regulator (BDDK) sets the longest term by loan amount.
Taksit = A × r′ ÷ (1 − (1 + r′)^−n), r′ = r × (1 + KKDF + BSMV)A: loan amount · r: monthly rate (3.49% → 0.0349) · n: term in months · KKDF 15%, BSMV 15% (added to the interest).- Raise the monthly rate by the KKDF and BSMV rates: that is the rate the bank actually charges.
- Apply the equal-payment formula with that rate.
- Each month take the interest on the balance and the tax on it out of the payment; the rest reduces the principal.
Example
For ₺100,000 at 3.49% a month over 24 months (KKDF and BSMV at 15% each) the real monthly rate is 4.537% and the payment is ₺6,924.20. Over 24 payments you repay ₺166,180.80: ₺50,908.31 interest, ₺7,636.25 KKDF and ₺7,636.25 BSMV.
Frequently asked questions
What is the longest term for a personal loan?
Under the BDDK decision: up to ₺125,000, 36 months; up to ₺250,000, 24 months; above that, 12 months. The same limits apply when the loan is restructured.
How much are KKDF and BSMV, and how are they charged?
For consumer loans KKDF is 15% and BSMV 15%. Both are charged on the interest in each payment, not on the loan amount, and are collected inside the payment, so they are highest in the early months when the interest is.
Is the term different for a loan to buy a phone?
Yes. For a new phone up to ₺40,000, 12 months; above that, 3 months; for a refurbished phone the threshold is ₺50,000. Pick it under “Purpose”.
Why does my bank’s payment differ slightly?
Banks count the actual days to the first payment, round to the kuruş and may add life insurance. The gap is usually a few lira; compare offers by their annual cost rate (YMO).